By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait closed Sunday’s trading session in decline, as the All-Share, Main, and Premier markets retreated by 1.01%, 0.42%, and 1.22%, respectively.

The turnover reached KWD 30.05 million on Sunday, up 8.5% from KWD 27.69 million in the previous session, in line with an increase of 32.6% in the trading volume to 203.58 million shares from 153.58 million.

The industrial sector led eight decliners with 1.8%, while the consumer services and consumer goods segments were the only gainers with 1.56% and 0.4%, respectively.

The escalation of the geopolitical tension is among the main factors impacting the GCC markets in the current time, capital market analyst Moustafa Al Jarhi told Mubasher.

As for the Kuwaiti stock market, the analyst believes that Boursa Kuwait was affected by the current events which led to a decline in the beginning of the week, following a mixed performance in the past week.

Al Jarhi expected this downward performance to continue during the status quo.

Hilal Cement led the losers with 22.8%, while IFA Hotels topped the winners with 32.85%.

Kuwait Finance House (KFH), down 1.41%, posted the highest liquidity of KWD 5.28 million.

Aayan Leasing was the most active stock on which 64.29 million shares were exchanged, the stock went down 10.33%.